Marilynne retires with so much money in her bank account

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Reference no: EM131328239

1. Marilynne retires with so much money in her bank account, she can afford to withdraw $2462 every week for 26 years (after which the account would be empty). If her account offers a compound interest rate of 4.6%, how much will she earn in interest between the second and third withdrawal? Assume that payments are made at the end of each week.

2. In 2016, Rose has a gross annual income of $64639 and is paid biweekly. Rose is single and claims two exemptions. Calculate Rose's net paycheck after withholdings for Federal income tax and FICA taxes are accounted for.

3. Suppose that 17 years ago, Annex, Inc's stock price was $27.41 per share.Since that time, the stock has split on two different occasions. In the first case, the stock split 3:1 and in the second case, the stock split 4:1.Annex, Inc stock is currently priced at $21.39 per share.Calculate the average annual (compound) rate of return for the capital gain on Annex, Inc stock over this time period.

Reference no: EM131328239

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